NZD

The New Zealand Dollar (NZD) has extended last week’s losses to move lower off 0.5290 (1.8900)  to 0.5245 (1.9070) this morning against the Euro (EUR). Past 0.5220 (1.9165) and we post a new 2025 low and a levels not seen since covid days back around March 2020. Despite discouraging data Friday with Spanish CPI y/y…

The New Zealand Dollar (NZD) has extended last week’s losses to move lower off 0.5290 (1.8900)  to 0.5245 (1.9070) this morning against the Euro (EUR). Past 0.5220 (1.9165) and we post a new 2025 low and a levels not seen since covid days back around March 2020. Despite discouraging data Friday with Spanish CPI y/y…

The latest read in UK Retail Sales has improved the British Pound (GBP) over the past few days coming in at 1.0% for February instead of the predicted -0.3% forecast. The GBP along with recent “risk off” sentiment has pushed the cross through 0.4400 (2.2740) support Monday to post 0.4380 (2.2840) this morning a new…

The latest read in UK Retail Sales has improved the British Pound (GBP) over the past few days coming in at 1.0% for February instead of the predicted -0.3% forecast. The GBP along with recent “risk off” sentiment has pushed the cross through 0.4400 (2.2740) support Monday to post 0.4380 (2.2840) this morning a new…

The Australian Dollar (AUD) extended its recovery from 1.0900 (0.9175) Monday reaching 1.1020 (0.9075) this morning against the New Zealand Dollar (NZD). This week’s main economic data is today’s RBA Cash Rate which is expected to remain on hold at 4.10% in a “hawkish” review. The board will stick with their cautious stance while impacts…

The Australian Dollar (AUD) extended its recovery from 1.0900 (0.9175) Monday reaching 1.1020 (0.9075) this morning against the New Zealand Dollar (NZD). This week’s main economic data is today’s RBA Cash Rate which is expected to remain on hold at 4.10% in a “hawkish” review. The board will stick with their cautious stance while impacts…

Better than forecasted French PMI data and disappointing German Services data has resulted in mixed results for March. The Euro (EUR), Australian Dollar (AUD) cross pushing slightly higher to 0.5565 (1.7970) on the news. Australian inflation data Wednesday should remain unchanged at 2.5% y/y matching the Dec 2024 print, the RBA however will be cautious…

Better than forecasted French PMI data and disappointing German Services data has resulted in mixed results for March. The Euro (EUR), Australian Dollar (AUD) cross pushing slightly higher to 0.5565 (1.7970) on the news. Australian inflation data Wednesday should remain unchanged at 2.5% y/y matching the Dec 2024 print, the RBA however will be cautious…

The British Pound (GBP), Australian Dollar (AUD) has consolidated around the yearly lows of 0.4865 (2.0560)  after coming from 0.4920 (2.0330) last week with the Aussie underperforming. UK PMI released mixed with Manufacturing output weakening to 44.6 from 46.9 while Services PMI numbers improved. This suggests the economy may be gathering pace after a period…

Mixed results overnight in French and German PMI reads has seen no real shift in the Euro (EUR), New Zealand Dollar (NZD) cross with prices hovering around 0.5300 (1.8870) since the weekly open. Fib levels on the chart suggest we could see moves towards last week high retesting the 0.5350 (1.8700) zone. Current Level: 1.8871…